Playa Del Sol
Off-Plan

Playa Del Sol

From AED 2.41M·Handover Dec 2028·20% down payment Payment
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AED 2.41M
Starting Price
Dec 2028
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Playa Del Sol is an exclusive complex from the developer Ellington, located on the island of Al Marjan in Ras Al Khaimah, which consists of two underground, one ground floor and 14 residential floors. This bold architectural solution combines calm beauty and elegance with the dynamic spirit of the coastal environment and stunning views of the Persian Gulf. There are studios, as well as branded 1, 2 and 3-bedroom apartments, including duplexes, 4-bedroom penthouses and a 5-bedroom villa. The interior features natural materials and elegant transitions that combine aesthetics with practicality. The complex offers a variety of amenities, including: lobby with reception, swimming pool, children's pool, clubhouse, playgrounds, gym, yoga studio, sauna, SPA, electric car charging station, cascading waterfall, access to a private jetty and many others. Playa Del Sol has a great location, with easy access to Wynn Resort (4 minutes), Al Hamra Mall (8 minutes), RAK Central (9 minutes), Al Hamra Golf Club (10 minutes), Royal Yacht Club of Ras Al Khaimah and RAK Track (12 minutes), RAK Mall (25 minutes), RAK International Airport (31 minutes), RAK Economic Zone (33 minutes), Jebel Jais Entrance (42 minutes), Sharjah International Airport (45 minutes), Dubai International Airport (60 minutes).

Project Specifications
DeveloperEllington Properties
LocationAl Marjan Island
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaAl Marjan Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 103,992 / year
Cash-on-Cash
2.2%
Levered cashflow AED 24,462
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 156,650 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Playa Del Sol launch basis2,678AED 2.41MCurrent launch / asking basis
Al Marjan Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Marjan Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Playa Del Sol official render 1

Playa Del Sol official render 1

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Playa Del Sol official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Ellington Properties.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Playa Del Sol — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Children’s pool
Club house
Electric Vehicle Charger
Infinity pool
Kids Play Area
Landscaped garden
Lobby
Open air gym
SPA
Shared gym
Yoga studio

Location

Al Marjan Island

Nearby Destinations

Dubai Miracle Garden — 5 mins
Butterfly Garden — 5 mins
Mall of the Emirates — 12 mins
Dubai Hills Mall — 10 mins
Al Marjan IslandAl Marjan IslandDubai, UAE

Developer Track Record

01

Playa Del Sol by Ellington Properties

02

Located in Al Marjan Island

03

Starting from AED 2,410,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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